Caruso Family Charities
Caruso Family Charities is a private foundation, based in Lakewood, CO. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.4M in total assets. In 2024, it awarded 1 grant totaling $478K. Net investment income was $34K.
Caruso Family Charities at a glance
In short: Caruso Family Charities gave $478K across 1 grant in 2024 (avg $478K), mostly in Colorado. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $478,098
- -13.8% vs 2023
- Grants made (2024)
- 1
- +0.0% vs 2023
- Average grant
- $478,098
- -13.8% vs 2023
- Median grant
- $478,098
- Total assets
- $1,403,953
- +33.3% vs 2023
- Primary geography
- Colorado (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Caruso Family Charities funds
How this funder distributes its grants
Grant Size Distribution
5 grants across all recorded years
The most common grant size was in the $250–500K range: 3 grants of 5 (60%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2024 grant dollars on its one itemized grant.
States
Cities
How Caruso Family Charities gives
- Giving grew 67% from 2021 to 2024. Method
- In 2024 it paid out well above its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $235K (2020) to $554K (2023). In 2024 it made 1 grant totaling $478K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Various Lakewood, CO | General | $478,098 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $1,403,953 | $1,385,056 | $1,075,576 | $478,098 | 1 | $595,654 | $33,846 | $57,196 |
| 2023 | $1,052,937 | $821,370 | $868,493 | $554,460 | 1 | $669,892 | $29,020 | $46,475 |
| 2022 | $1,033,061 | $1,234,973 | $974,438 | $380,810 | 1 | $487,384 | $12,417 | $43,296 |
| 2021 | $887,444 | $600,522 | $489,636 | $286,895 | 1 | $360,369 | $18,286 | $41,186 |
| 2020 | $802,700 | $461,958 | $426,098 | $235,473 | 1 | — | $694 | $36,662 |
Under IRS private-foundation payout rules, Caruso Family Charities reported a distributable amount of $57K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Caruso Family Charities is led by Ben Maxwell, President on every filing since 2021; 1 of 13 officers listed in 2024 is compensated.
Officers on the 2024 filing
Ben Maxwell
President
On filings since 2021
No compensation reported
Frank Deangelis
Director
On filings since 2020
No compensation reported
John McWilliams
Director
Treasurer → Director, 2024
On filings since 2020
No compensation reported
Pat Keelan
Director
On filings since 2020
No compensation reported
Ray Baker
Director
On filings since 2020
No compensation reported
Thomas Smith MD
Director
On filings since 2020
No compensation reported
Kelly Murphy
Director
Secretary → Director, 2022
On filings since 2021
No compensation reported
Robert Casey PhD
Director
On filings since 2021
No compensation reported
Andrea Caruso
COO
On filings since 2020
40 hrs/week
$67K (2020) → $66K (2024)
Gerard Caruso
Executive Di
On filings since 2020
No compensation reported
Connor McKeown
Vice President
On filings since 2022
No compensation reported
Kelly Drake
Secretary
On filings since 2022
No compensation reported
Matt Baldner
Treasurer
New on the 2024 filing
No compensation reported
Former officers (5)
- Former: Julie Busch (2020–2021) — Vice President
- Former: Barb Goodman (2020) — President
- Former: Debbie Castagna (2020) — Director & Governor
- Former: Jo Ann Morgan-Charles (2020) — Director & Mar
- Former: Ron Castagna (2020) — Director & Out
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $66K, to Andrea Caruso (COO).
Frequently asked questions about Caruso Family Charities
How much does Caruso Family Charities give each year?
Caruso Family Charities gave $478K across 1 grant in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $554K across 1 grant.
How large is Caruso Family Charities?
Caruso Family Charities reported $1.4M in total assets on its 2024 IRS Form 990-PF. It paid out $596K in qualifying distributions that year, against a required minimum of $57K (roughly 5% of its investment assets).
Where does Caruso Family Charities operate?
Caruso Family Charities has awarded grants in Colorado.
What is Caruso Family Charities's EIN?
Caruso Family Charities's EIN (Employer Identification Number) is 20-5904999. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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